New Jersey — Level Index
How do New Jersey contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 82+ New Jersey contractors across HVAC, Electrical, Plumbing, and more.
Key Finding
New Jersey contractors bill $25/hr above the national median
New Jersey's licensing requirements and proximity to NYC create a high-rate environment. The median contractor charges $115/hr, but the real opportunity is in commercial retrofit work where rates exceed $165/hr.
For a 10-tech shop, that $25/hr difference means $500K per year in additional revenue compared to the national median.
New Jersey Bill Rates
Median Bill Rate
$115/hr
75th Percentile
$140/hr
Top 10%
$165/hr
National Benchmarks
These metrics are reported nationally. Where your New Jersey business falls depends on your specific operations. See the full national breakdown.
Collection Rate
85.1%
Top quartile: 92.7%
464 companies
SA Gross Margin
43.8%
Top quartile: 68.8%
103 companies
Billing Speed
1 day
Top quartile: -4 days (progress billing)
555 companies
Billable Hour Ratio
96.7%
Top quartile: 99.6%
654 companies
Quote Conversion
73%
Top quartile: 81.3%
409 companies
New Jersey Bill Rate
$115/hr
Top quartile: $140/hr
82 companies
Top Trades in New Jersey
Where does your New Jersey business fall?
We'll pull your actual numbers and benchmark you against New Jersey and national data. 15-minute call. Free.